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Libra Could Pose Tax Challenges In Europe

PYMNTS

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. This seems to us to be a significant barrier to wide adoption.”. As a result, capital gains and losses would be created.

Taxes 115
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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach.

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Fintech Deals to Watch: Back to School

Gonzobanker

Thankfully, there was still a smartphone and social media to commiserate. Here’s a few recent ones that caught our attention, and please, “Give us some slack, teach” on the school themes, ok? Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Know of any fintech deals we’ve missed here?

Fintech 195
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Data Dive, Better Together Edition: Worldpay, FIS, Google, eBay, PayPal, Instagram

PYMNTS

Once closed, the conjoined firm will offer enterprise banking, payments, capital markets and global eCommerce services to financial institutions and businesses around the world. Combining with FIS helps us accelerate the achievement of that, now benefiting from new scale and capabilities that will truly differentiate the company globally.

Google 126
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” Some of us took our liquidity and bought longer-term bonds – at historically high prices - to try and increase yield. To you, manage your interest rate risk. Good times.

FDIC 78